Prof. Schlevogt’s Compass No. 43: The dollar poison – How hollowing-out decimates America’s power

By precipitating industrial erosion, the dollar’s supremacy undermines the foundational sources of American might

The dollar’s reserve status grants the US the luxury of comparatively cheap borrowing and chronic deficits, even as a systemically overvalued currency drives industrial erosion on a vast and clearly measurable scale. To crown injury with indignity, this attrition imperils the strategic foundations of American power.

Beyond deindustrialization...